adminindustry, which is expected to register 6 percent growth this year.
Industry and Commerce Minister Professor Welshman Ncube said the funds would assist in improving production capacity from the 56, 2 percent last year.
“No money has been received yet. Industry is struggling,” he said.
“Mobilisation of lines of credit for industrial retooling and other working capital requirements has remained a major setback towards revival,” he added.
Prof Ncube said like any other sector, power cuts were also affecting production as companies lost targets. “Some companies end up using generators which, however, raise production costs since they use fuel.
“This has often caused discord in the pricing of locally manufactured goods which would assume higher prices compared to imports,” he said.
Meanwhile, the sub-sectors anticipated to drive growth in manufacturing include foodstuffs (6 percent), wood and furniture (8 percent), metals and metal products (11 percent) and non-metal products (25 percent).
The Government set up the Zimbabwe Economic Trade Revival Facility, which had potential to increase production capacity, but structural issues are impeding easy access to the facility, as the requirements are stringent. — New Ziana.
Online Reporter
- Herald
- July 31, 2026
- 24 views
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